KBR Secures Multi-Year Project Management Contract for Libya Refinery Expansion
KBR is trading near its 52-week low of $36.33 (2.2% above the low).
Summary
KBR has been awarded a project management and technical services contract by Zallaf Exploration, Production and Refining of Oil and Gas Company for the South Refinery Project in Libya. This 50-month contract will see KBR provide services throughout the engineering, procurement, and construction (EPC) phases, reinforcing its long-standing commitment to vital oil and gas infrastructure in the region. While the financial value of the contract was not disclosed, this win adds to KBR's growing backlog and demonstrates continued business momentum, following two other significant contract awards earlier this month. This positive development provides revenue visibility and strengthens KBR's position in the energy services market.
At the time of this announcement, KBR was trading at $37.12 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $36.33 to $56.78. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.